economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Forms Potentially Bullish Hammer At the time of this writing, natural gas continues to trade above the midpoint of the day\u2019s trading range and looks likely to end the day with a potentially bullish hammer or doji hammer candlestick pattern. The high for the day was $3.58. Earlier in the session a breakdown of an inside day pattern from Thursday triggered, resulting in a test of support as mentioned above. Since a potentially bullish one-day pattern followed, today\u2019s closing price is likely to be above Thursday\u2019s low of $3.47. This sets up a potentially bullish pattern heading into next week. Three-Day Bullish Combo Forms Nonetheless, it is not just today\u2019s pattern that is potentially bullish, it is also the combination with the patterns of the prior two days. Since natural gas is likely to close inside yesterday\u2019s range and in the top half of today\u2019s price range, the bearish breakdown shows signs of a failed pattern. The three-candle combination is a potentially bullish hikkake pattern. It can be both a reversal or continuation pattern and it will trigger on a rally above Thursday\u2019s high of $3.75. However, an advance above today\u2019s high can provide an earlier valid bullish signal regardless of the hikkake pattern being present. Given the three-period combination, it is a potentially powerful short-term pattern. Of course, a drop below today\u2019s low is short-term bearish and indicates a failure of the potentially bullish pattern Potential Resistance at 50-Day Moving Average Initial upside targets start with the four-day high of $3.83 and the 50-Day MA, now at $3.89. A declining trendline at the top of the channel may also be around the 50-Day line when approached, and it may provide clues. Subsequently, if an upside breakout of the downtrend line triggers the 50% retracement at $4.12 becomes a potential target, followed by an interim swing high and 61.8% Fibonacci retracement at $4.26 and $4.30, respectively. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":42753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-42752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=42752"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/42753"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=42752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=42752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=42752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}